Between 1916 and 1933, most of America's gold was rounded up by the 'privately owned' Federal Reserve Banks and shipped off to the Fed owners in England and Germany. The reason for this was that Federal Reserve Notes could be redeemed in gold  and  the  use  of  Federal Reserve Notes carried an interest penalty that could only be paid in gold. The American people were defrauded into trading their gold for (worthless) paper with green ink on it. Our previous currency, United States Notes, carried no such interest requirements - but such was the  bargain that came with the Federal Reserve Notes. The reason JFK was murdered was because he was re­ issuing United States Notes - interest free! [Go to any coin store and see or buy a 1963 U.S. (not Federal  Reserve) Note].